FHFA Axed Clean Energy Program Without Due Notice: Judge

Law360, San Diego (August 9, 2012, 11:05 PM EDT) -- A California federal judge on Thursday held that the Federal Housing Finance Agency failed to comply with the Administrative Procedure Act’s notice and comment rules when it decided to end a program that financed renewable energy retrofits for houses.

U.S. District Court Judge Claudia Wilken granted a motion for summary judgment by California, the Sierra Club and other plaintiffs that the FHFA, which runs Fannie Mae and Freddie Mac, acted as a regulator when it determined that it would not finance mortgages for homeowners who received...